Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Economics

Sub-prime chewing up financials

SUZY MAC  |  THURSDAY, 8 NOV 2007
While the sub-prime mortgage monster continues gnawing away at financial stocks, oil is boiling towards $100 a barrel and China is snatching wads of its foreign cash reserves away from the green back.

Market Wrap - Morning

AAP  |  THURSDAY, 8 NOV 2007
The Australian share market is expected to begin today's trade lower, with Wall Street down in afternoon trade and metal prices also down overnight.

Market wrap - midday

AAP  |  WEDNESDAY, 7 NOV 2007
Australian shares continued to trade in the black at noon, following a strong lead from the US overnight as oil prices rose to a record high of more than $US97 a barrel and gold hit a 27-year high.

Pass the paracetamol

SUZY MAC  |  WEDNESDAY, 7 NOV 2007
As nabCapital's Robert Henderson puts it, "those post-Melbourne Cup day hang-overs are about to get a lot worse for mortgage holders", and there is still a good chance of more interest rate headaches over Christmas.

Market Wrap - Morning

AAP  |  WEDNESDAY, 7 NOV 2007
The Australian share market is likely to open higher this morning, as the New York market looks set to end on a positive note, the Reserve Bank of Australia's decision on interest rates is announced, and base metal prices in London were higher overnight.

Market wrap - midday

AAP  |  TUESDAY, 6 NOV 2007
Australian shares were higher at noon on thin trading because of Melbourne Cup Day.

Markets shake rattle and roll

SUZY MAC  |  TUESDAY, 6 NOV 2007
As if sub-prime weren't enough to rattle the markets, party pooper Wen Jaibao has rained on the Asian markets' parade, while Australia just gets comfortable to watch the big race, betting all we have on an interest rate hike.

Market Wrap - Morning

AAP  |  TUESDAY, 6 NOV 2007
The Australian share market is expected to open slightly on the positive side this morning, on the eve of the Reserve Bank of Australia's interest rate decision and despite losses on Wall Street.

Market wrap - midday

AAP  |  MONDAY, 5 NOV 2007
At 1200 AEST, the benchmark S&P/ASX200 index was 77 points lower to 6619.6 while the All Ordinaries was down 72.2 points to 6654.5.

Sub-prime still has teeth

SUZY MAC  |  MONDAY, 5 NOV 2007
As the sub-prime monster refuses to die, Standard & Poor's takes the scissors to the financial sector sin-bin - snipping at ratings, while the Financial Industry Regulatory Authority (FIRA) could be giving Goldman's profits a Sherlock Holmes.